$9.5B Deal Creates Biggest Player In The Permian
Concho Resources has struck a deal to acquire natural gas peer RSP Permian for US$9.5 billion in an all-stock deal that is the biggest acquisition in the sector since 2012. Continue Reading
An Energy Crisis Is Looming In South-East Europe
Since the dissolution of the Eastern Bloc, energy production in Southeast Europe (SEE) has been stymied by chronic underinvestment. As a result, infrastructure in the region is struggling to meet Continue Reading
Fifth Novatek icebreaker loads first cargo from Yamal LNG plant
Russia’s Novatek has loaded the first cargo from the Yamal LNG facility in northern Russia aboard the Vladimir Rusanov — the fifth specialized icebreaker vessel to enter service since the Continue Reading
Oil prices rise as OPEC seen continuing supply cuts through 2018
Oil prices rose on Thursday as the producer cartel OPEC and other suppliers look set to continue withholding output for the rest of the year and potentially into 2019. U.S. Continue Reading
Oil falls about 1 percent after surprise U.S. crude build
Oil prices fell about 1 percent on Wednesday after data showed U.S. crude inventories unexpectedly rose 1.6 million barrels last week, weighing on market sentiment. Brent June crude futures LCOc2 Continue Reading
Over-supply concerns drag oil lower early Wednesday
Over-supply concerns on Wednesday spoiled the rally that pushed oil prices above $70 per barrel in recent sessions, though continued recovery is expected. Crude oil prices spiked earlier in the Continue Reading
Barclays: Expect $51 Oil This Year
As oil continues to pair Monday gains on soaring U.S. crude inventory, Barclays is calling a $51-per-barrel price on WTI by the third and fourth quarters of this year, and Continue Reading
What Big Oil Can Learn From Typewriters
This logic may seem disjointed and even a little pithy, but there are parallels that run far deeper than you may think. Typewriters evolved into the new world of word Continue Reading
OPEC to stick to supply curbs despite oil rally to $71: sources
OPEC and its allies look set to keep their deal on cutting oil supplies for the rest of 2018, five sources familiar with the issue said, although some producers are Continue Reading
Four oil majors interested in Algeria offshore drilling: state agency
Oil majors Anadarko, Total, ENI and Statoil have expressed interest in helping Algeria start offshore drilling, according to state news agency APS which quoted the CEO of the North African Continue Reading